For its third fiscal quarter (ending September 30), Centene Corp (NYSE: CNC) has reported a 57% increase in E.P.S. from $0.87 a year ago to $1.37 in the current quarter. For the latest four quarters through September 30, E.P.S. were $5.79 versus $4.48 for the same period a year ago — an increase of 29%.
Recent Price Action
Centene Corp (NYSE: CNC) stock closed at $64.22 on 10/25/24 after a large increase of 4.2%. Moreover, trading volume in this advance was exceptionally high at 256% of normal. The stock has risen 1.9% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CNC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Centene has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Centene has a neutral Power Rating of 55 but a good Appreciation Score of 71, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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